Property · Building · Design
We believe future changes should begin with building materials, with more advanced materials gradually entering the New Zealand market. Construction techniques will also evolve, and greater use of integrated building materials will reduce labour costs while improving the quality of finished homes.
Further enhanced by highly regarded interior designer Jen Pack, with handwoven carpets, European marble bathroom tiles and French-style built-in cabinetry among the upgrades, every detail exudes refinement and elegance.
From January to July this year, this group bought more than 11,000 properties, up from around 9,400 over the same period last year.
The Banking Ombudsman Scheme says that when customers repay early, banks may be unable to lend that money to someone else at the same interest rate, particularly when rates are falling. Banking Ombudsman Nicola Sladden stresses: “People are often surprised by break fees, so banks have a responsibility to disclose them clearly.”
ASB has reclaimed the lead in the mortgage interest rate market by cutting rates more frequently. ANZ has even used The Clash's song Should I Stay or Should I Go as backing music, suggesting it is time for customers with mortgages at other banks to consider switching.
New Zealand's banking sector lacks competition, and the big four banks' high profits are harming consumers. The Government will not let this report gather dust, but will act swiftly to implement all 14 recommendations.
How low interest rates ultimately fall will depend not only on a recovery in market demand, but also on when market confidence can truly be rebuilt.
The latest card spending and Performance of Manufacturing Index (PMI) figures released last week show that the economy remains weak.
One major challenge for buyers in today’s property market is the reliability of building inspection reports. As the market has recently recovered and sales activity increased, more buyers ha
The Reserve Bank forecasts the OCR will fall to 5% or lower by the end of this year, and to 4.5% or lower by June 2025
This year’s theme was “Mobilising the construction industry” (Capacity, Capability, Collaboration). Many visitors said NZIBES 2024 was more than a major construction industry gathering: it was a feast of ideas and a showcase of cutting-edge industry technologies.
Are homeowners’ property gains increasing or shrinking sharply?